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AmTrust International, a wholly owned subsidiary of AmTrust Financial Services, Inc., has today announced the acquisition of Arc Legal Assistance (Arc Legal), a leading legal expenses insurance and assistance provider in the UK and Republic of Ireland. The terms of the acquisition are not disclosed.
AmTrust is one of the market’s leading specialist legal expenses insurers.
Arc Legal is a managing general agent (MGA) that provides a range of legal expenses insurance (LEI) and assistance products. It manages over 14 million legal expenses policies covering personal, motor, commercial, affinity, property owners, travel and leisure risks. Products are distributed in partnership with insurance companies, brokers, financial institutions and affinity groups.
Helen Withers, managing director of Arc Legal, said: “AmTrust provides us with a robust and supportive structure from which to continue our growth. They share our commitment to developing LEI products and services to respond to the evolving legal and regulatory structures, and support the expansion of our portfolio with new products.
“We also both see significant opportunities from investing in technology to improve the customer claims journey.”
AmTrust, Matthew Williams, said: “Arc Legal has established a reputation for quality and integrity in the products and services it provides to a significant customer base. As an existing capacity provider to Arc Legal we already recognised how their approach and experienced team has established them as a leading provider delivering consistent underwriting performance with outstanding customer service delivery. This acquisition affirms our appetite to continue to build a significant legal expenses presence.”